Q. 26 solution of Issue of Debentures Chapter TS Grewal Book Class 12 2021-22

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Are you looking for the solution of Question number 26 of the Issue of Debentures Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?

Question number 26 of the issue of debentures chapter is a practical one.

Solution of Question Number 26 of Issue of Debentures Chapter of TS Grewal Book 2021-22 Class 12

Question – 26

Star Ltd took over the assets of ₹ 6,60,00 and liabilities of ₹ 80,000 of Moon Ltd for ₹ 6,00,000. Give necessary Journal entries in the Books of Star Ltd, it:

Case – I

The Purchase consideration was payable 10% in cash and the balance in 5,400; 12% Debentures of ₹ 100 each.

Case – 2

The Purchase consideration was payable 10% in cash and balance in 4,500; 12% Debentures of ₹ 10 each issued at 20% premium.

Solution:-

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